Major Tax Law Changes Creating Significant Savings Opportunities

The landscape of business taxation has undergone dramatic transformation with the passage of the "One Big Beautiful Bill Act" (OBBBA) in July 2025, creating unprecedented opportunities for strategic tax planning and substantial savings.

Business Tax Highlights

Permanent 100% bonus depreciation for qualifying property. Enhanced 23% QBI deduction made permanent. Restored immediate R&D expensing. Eased interest expense limitations for certain industries. Extended various business credits and incentives.

Individual Tax Highlights

SALT cap increased to $40,000 for married couples. $6,000 additional senior deduction. Permanent extension of TCJA individual rates. Enhanced child tax credit provisions. New auto loan interest deduction for American-made vehicles.

Estate and Gift Tax

Estate exemption permanently increased to $15 million per individual. Gift tax exemption aligned with estate exemption. Step-up in basis preserved.

Strategic Implications

The permanent nature of these changes allows for long-term planning with confidence. Businesses can make capital investment decisions knowing bonus depreciation will be available. Pass-through owners can structure compensation knowing the QBI deduction is permanent. High-net-worth families can plan estates without sunset provision concerns.

Next Steps

Review your current tax structure against these new provisions. Model the impact on your 2025 and future tax liability. Identify opportunities to accelerate or defer income and deductions. Update estate plans to reflect permanent higher exemptions. Consult with your CPA and other advisors to optimize your position.